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Sunland Adventures Ltd. (SAL) is a Canadian manufacturer of Class B motorhomes. The company has been experiencing exponential growth and is preparing to raise additional capital to fund its growth. As the vice-president of finance, you are tasked with preparing the statement of cash flows that is required as part of the loan application or a public offering. You have the statement of financial position and the statement of income to help you prepare the statement of cash flows. In addition, you also have the following information: 1. In October, SAL acquired land with a value of $227,300 by issuing common shares with an equivalent value. The land is to be used as a site for a new manufacturing facility SAL hopes to construct in the next year. 2. In February, SAL sold equipment for $11,500 cash. The equipment had originally cost $227,300 and had a net carrying amount of $26,200 at the time of sale. 3. During the year, the company borrowed $26,000 by increasing its bank loan payable. Current liabilities \begin{tabular}{lrr} Accounts payable & $208,000 & $62,300 \\ Dividends payable & 78,000 & 53,200 \\ & & \\ Total current liabilities & 286,000 & 115,500 \\ Bank loan payable & 187,800 & 182,300 \\ Common shares & 599,600 & 372,300 \\ Retained earnings & 426,200 & 102.600 \\ \hline \end{tabular} Question 1 of 3 Using the information above, prepare the statement of cash flows for Sunland Adventures Ltd for the year ended March 31 . 2024, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.z. - 15,000 ar in pareathesks e.s. (15,000)) Non-cash investing and financing activities: During the year, land with a value of $ Was acquired by issuligg cormon shares of the same value. eTextbook and Media